Low Lot Supply an Issue for Builders

Low Lot Supply an Issue for Builders

62% of builders reported that there was a shortage of developed lots in the markets in which they operate according to a National Association of Home Builders survey conducted in May. This is the largest percentage ever recorded since the NAHB started asking the question in 1997. The problem appears especially acute in “A” markets, and the low lot inventory has resulted in increases in land prices and has contributed to low housing production levels.

Read More

Previous Trumark Companies Launches Masterplan Subsidiary
Next The New Home Company Makes C-Suite Shifts

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Land/Projects

Top-Selling Master-Planned Communities: Preview

RCLCO’s Master-Planned Community Survey is the longest running in the industry, and as such benefits from our unique and exhaustive historical perspective. Every year since 1994, RCLCO has conducted a

Land/Projects

KB Announces Openings in California, Colorado

This week KB Home announced the opening of two new communities–one in California and one in Colorado. The Villas at Copperleaf is the builder’s newest commuter-friendly community in the Metro

Land/Projects

Redondo Beach Rejects Deal with Legado for 115 Units on PCH

By Kelcie Pegher – Setting the stage for a court battle that could cost the city millions of dollars, Redondo Beach has rejected a deal with the developer behind a